Connecticut Seal

General Assembly

 

Proposed Bill No. 63

 

February Session, 2016

 

LCO No. 824

 

*00824*

Referred to Committee on FINANCE, REVENUE AND BONDING

 

Introduced by:

 

SEN. BOUCHER, 26th Dist.

 

AN ACT PHASING OUT THE GIFT TAX.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That the general statutes be amended to phase out the gift tax by reducing it by one per cent each year beginning in 2016.

Statement of Purpose:

To provide tax relief by phasing out the gift tax.